NEW YORK, Dec. 9, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that a class action lawsuit has been filed on behalf of purchasers of Sarepta Therapeutics, Inc. securities (Nasdaq: SRPT ) during the period from April 21, 2014 through October 27, 2014. The class action seeks to recover investors' losses under the federal securities laws.
To join the Sarepta class action, go to the website http://www.rosenlegal.com/cases-461.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The suit alleges that the Sarepta (1) failed to provide sufficient data for its New Drug Application (NDA) submission for marketing approval of eteplirsen; and (2) as a result, the company's NDA for eteplirsen would likely be filed in mid-2015, rather than the end of 2014. On October 27, 2014, following an announcement by the company regarding additional data required for NDA approval, Sarepta's share price fell $7.65 per share or approximately 32% to close at $15.91/share, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 9, 2015. If you wish to join the class action and recover your losses please go to http://www.rosenlegal.com/cases-461.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com .
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 www.rosenlegal.com